Pub. 16 2019 Issue 1

22 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S BANK NEWS The President’s Volunteer Service Award recognizes volunteers like Team Pioneer who lead the charge and inspire others. It celebrates the impact we can all make bettering our communities and our world. The pro- gram is an initiative of the Corporation for National and Community Service and is administered by Points of Light, the world’s largest volunteer service organization. Pioneer Bank recently announced that five em - ployees have earned a President’s Volunteer Service Award for their service in 2018. Kiel Hoffman, mar - ket president in Las Cruces, volunteered more than 400 hours at various organizations; Karissa Doan, retail banking supervisor in Las Cruces, volunteered more than 150 hours helping the local business com- munity grow; Nancy Montgomery, recently retired re - tirement specialist in Roswell, volunteered more than 130 hours to help retirees with their banking needs; Eric Ehler, assistant vice president/retail banking operations, business development and information security officer in El Paso, volunteered more than 110 hours; and Adriann Ragsdale, in-house counsel, volunteered 145 hours in Chaves County. “As a community-focused bank, we are committed to make a positive difference by engaging in meaning - ful and effective programs that work to improve the quality of life in our neighborhoods,” says Christopher G. Palmer, Pioneer Bank president. Along with the national recognition, recipients received an official pin, a certificate, medallion and congratulatory letter from President Trump. Wells Fargo CEO and President Tim Sloan to Retire Wells Fargo & Company recently announced that Chief Executive Officer and President Timothy J. Sloan has informed the Company’s Board of Directors of his decision to retire from the Company, effective June 30, 2019, and to step down as CEO, president, and Board member effective immediately. An exter - nal search process will now begin for the Company’s new CEO and President. Wells Fargo Board Chair Betsy Duke said, “Tim Sloan has served this Company with pride and dedication for more than 31 years, including in his role as CEO since October 2016. He has worked tirelessly over this period for all of our stakeholders in the best long-term interest of Wells Fargo. His decision, and today’s announcement, reflects that commitment and his belief that a new CEO at this time will best position the company for success.” Missouri’s Enterprise Financial Services Corp. and Trinity Capital Corp. Complete Merger Clayton, Missouri-based Enterprise Financial Ser - vices Corp, the holding company for Enterprise Bank and Trust (EB&T), recently announced the comple - tion of its merger with Trinity Capital Corp, and the merger of EB&T with Trinity’s wholly owned subsid - iary, Los Alamos National Bank. The merger adds approximately $1.2 billion in assets, $700 million in loans and $1.1 billion in deposits to Enterprise Finan- cial Services and makes New Mexico the company’s second largest market. Following the merger, Enter- prise Financial Services will have approximately $7 billion in total assets. The merger further enhances the geographic diver- sity of Enterprise Financial Service’s footprint with Los Alamos National Bank’s six-full service location in Los Alamos, Santa Fe and Albuquerque. The New Mexico locations will continue to operate under existing systems until EB&T completes its systems integration, which is expected to be finalized in mid- 2019. Los Alamos National Bank customers will then have access to the full range of products and services available currently to EB&T customers. In connection with the completion of the merger, two Trinity Capital Corp. directors, Tony Scavuzzo of Castle Creek Capital LLC and James F. Deutsch of Patriot Financial Partners LP, have joined Enterprise Financial Services board. Additionally, James E. Goodwin Jr., chair of Trinity Capital Corp. and Los Alamos National Bank, has joined the board of EB&T. Enterprise Bank & Trust, a Missouri state-char - tered trust company with banking powers, operated 34 branch offices in Arizona, Kansas, Missouri and New Mexico.